Stock Broker Reviews




TD Ameritrade review 2010

Compare TD Ameritrade versus Zecco




Zecco vs Ameritrade Trading Fees and Investments Offered




Zecco
Ameritrade
  • Stocks and ETFs: 10 free stock and ETF trades per month with $25K min. account balance OR if you make 25 trades/month
  • $4.50 per stock trade (if not meeting above requirements)
  • Options: $4.50 plus $0.50 per contract
  • Mutual Funds: $10
  • Bonds: $4.50 per bond, with $22.50 minimum per transaction
  • Treasury: $24.50 per transaction
  • Investments: stocks, mutual funds, options, Forex, Bonds, Treasury bonds, ETFs
  • Minimum to open account: $0
  • All Zecco fees
  • Stocks and ETFs: $9.99
  • Options: $9.99 plus $0.75 per contract
  • No-load mutual funds: $49.99
  • Investment products: stocks, bonds, mutual funds, options, ETFs
  • Minimum to open account: $1,000 equity is required to open an IRA, and $2,000 to open any non-IRA account
  • All TD Ameritrade fees



Compare Zecco and Ameritrade Pros



Zecco
Ameritrade
  • Free/very low commissions
  • No account minimum or inactivity fees
  • Virtual trading environment
  • Forex trading
  • Free dividend reinvestment
  • Great investing community
  • Minimum to open account: $0
  • No surcharges for large orders, penny stocks and extended hours trading
  • No surcharges for penny stocks, large orders and after-hours trading
  • Large and well known company with many branches
  • No maintenance and inactivity fees
  • Large selection of third-party research



Compare Zecco and Ameritrade Cons



Zecco
Ameritrade
  • Annual IRA fee: $30
  • No extended hours trading
  • $9.99 commission for stocks/ETFs is high, $49 commission for mutual funds is extremely high
  • Poor order execution
  • The website is sometimes very slow or even down on the most crucial days



Zecco versus Ameritrade: Comparison Summary



TD Ameritrade is more than twice as expensive as Zecco: $9.99 against $4.50 for stock trades. And that does not even take into consideration 10 free trades every month at Zecco (for accounts with 25K)!

Both online brokerage firms have no account inactivity and maintenance fees and no surcharge for large orders and stocks under $1. In addition, Zecco offers its clients a vibrant trader community, free paper trading and dividend reinvestment, as well as Forex trading.

Unlike Zecco, Ameritrade does not have an annual $30 IRA fee. Ameritrade's website becomes slow on high volume days and we often experienced long order execution delays, especially at after-hours trading.

With 10 free trades every month, much lower commissions, more free services and better website reliability, Zecco easily beats Ameritrade in our comparison. The firm is also one of our Top Brokerage Firms in 2010.


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TD Ameritrade review 2010



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